Buffalo Business & Estate Services Ltd. Acquires 9,578 Shares of Palo Alto Networks, Inc. $PANW

Buffalo Business & Estate Services Ltd. lifted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 23.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,032 shares of the network technology company’s stock after buying an additional 9,578 shares during the quarter. Palo Alto Networks makes up about 1.2% of Buffalo Business & Estate Services Ltd.’s portfolio, making the stock its 15th biggest position. Buffalo Business & Estate Services Ltd.’s holdings in Palo Alto Networks were worth $8,021,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Darwin Wealth Management LLC bought a new position in shares of Palo Alto Networks in the second quarter worth about $25,000. Knuff & Co LLC purchased a new position in Palo Alto Networks in the 4th quarter worth about $26,000. Steph & Co. lifted its holdings in Palo Alto Networks by 88.2% during the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock valued at $26,000 after buying an additional 67 shares in the last quarter. Sittner & Nelson LLC boosted its position in Palo Alto Networks by 73.8% in the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after buying an additional 62 shares during the period. Finally, Winch Advisory Services LLC boosted its position in Palo Alto Networks by 96.1% in the 3rd quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company’s stock valued at $30,000 after buying an additional 73 shares during the period. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Price Performance

PANW opened at $286.40 on Tuesday. The business’s 50-day moving average is $230.63 and its two-hundred day moving average is $193.37. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $302.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $233.42 billion, a PE ratio of 234.75, a price-to-earnings-growth ratio of 10.69 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm’s revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. Research analysts anticipate that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Lee Klarich sold 62,904 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the completion of the sale, the executive vice president owned 235,983 shares of the company’s stock, valued at $61,037,002.95. This represents a 21.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John P. Key sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the completion of the sale, the director owned 12,500 shares of the company’s stock, valued at approximately $3,490,500. This trade represents a 37.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 101,389 shares of company stock worth $26,122,830 over the last 90 days. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PANW has been the topic of several research analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $330.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on Palo Alto Networks from $220.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. BTIG Research increased their price target on Palo Alto Networks from $268.00 to $333.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. FBN Securities restated an “outperform” rating and set a $330.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Finally, Berenberg Bank lifted their price objective on Palo Alto Networks from $290.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Palo Alto Networks has a consensus rating of “Moderate Buy” and an average target price of $306.59.

About Palo Alto Networks

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.